Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the energy company’s stock.

Several other analysts have also recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $173.60.

Arch Resources Stock Up 0.0 %

Shares of ARCH stock opened at $143.10 on Monday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 15.03 and a beta of 0.69. The stock has a fifty day moving average of $155.76 and a 200 day moving average of $145.50. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same quarter last year, the company posted $3.91 earnings per share. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. Equities research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current year.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Arch Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Quest Partners LLC bought a new stake in Arch Resources in the 3rd quarter worth about $50,000. KBC Group NV raised its position in Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares during the last quarter. Blue Trust Inc. lifted its stake in Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after acquiring an additional 642 shares during the period. Finally, Westchester Capital Management LLC purchased a new stake in shares of Arch Resources during the 3rd quarter valued at about $157,000. Institutional investors own 88.14% of the company’s stock.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.